Just remember 1 thing if Monday produces a losing day or nail biting trades do not walk away all trading systems will do this its part of trading
I used to walk out of my office once my stop and TP were set if I couldn't see it I wouldn't interfere with it and I wouldn't worry so much about it.
2 traders A and B both get the same signals but one loses one wins at the end of the day .
trader A
1st signal wins 2nd loses 3rd loses he get jumpy doesnt take the 3rd 'doesnt look right' it wins damm ! he takes the next it loses he doesnt take the next it wins.. as so on and so on
If you trade in a mechanical way you must take every signal if you do not take a signal because its just under the high of the day then that rules MUST apply to all you signals.
Do not pick and choose with what ' looks right' I personaly take every signal Im here for aprt from signals generated in the Asian session.
Consistancy is just as important as MM
P
I used to walk out of my office once my stop and TP were set if I couldn't see it I wouldn't interfere with it and I wouldn't worry so much about it.
2 traders A and B both get the same signals but one loses one wins at the end of the day .
trader A
1st signal wins 2nd loses 3rd loses he get jumpy doesnt take the 3rd 'doesnt look right' it wins damm ! he takes the next it loses he doesnt take the next it wins.. as so on and so on
If you trade in a mechanical way you must take every signal if you do not take a signal because its just under the high of the day then that rules MUST apply to all you signals.
Do not pick and choose with what ' looks right' I personaly take every signal Im here for aprt from signals generated in the Asian session.
Consistancy is just as important as MM
P